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DIB launches 3.75 per cent Murabaha car financing promotion
- United Arab Emirates: Saturday, May 22 - 2004 at 14:22
- PRESS RELEASE
Dubai Islamic Bank, a leader in UAE auto finance, is launching one of the country's most competitive car purchase plans, a 3.75 per cent Murabaha financing scheme that comes with an extremely competitive insurance rate combined with a value added free AAA membership road assistance.
"Today's customers are increasingly sophisticated, demanding top alternative financial solutions along with superior service and convenience - take the example of the bank's "One Stop Car Shop" Emirates Trade Centre (ETC) where you can simply walk-in to finance or purchase a car of your choice from 08:00AM - 08:00PM, this shows our commitment to provide the best possible solutions for our customers" Abdulla Al Shamsi, VP Sales, DIB said.
DIB guarantees total customer satisfaction, ensuring the customer that he/she has made the right decision. With no down payment, competitive profit rate, insurance & service finance DIB's car purchase procedures are fast, convenient and easy. Once finance details are agreed: the bank then buys the vehicle and resells it to the customer in monthly installments with no hidden costs or penalties.
In a move to cater to the growing demand for DIB services over the last few years, the bank has set up several car showroom subsidiaries across the UAE, giving customers on-the-spot solutions to their car purchase requirements. DIB's newest Emirates Trade Centre on Sheikh Zayed Road is also one of the largest car showrooms in town, offering a full range of models and finance options.
Throughout the promotion, extending to the end of June, customers can visit any of DIB's four car showrooms to obtain information about the latest models available taking advantage of the bank's special financing package. Customers also have the option of visiting one of DIB's many branches across the UAE or talk with one of the sales representatives in the dealership show rooms.
As an innovator in product design and development, DIB provides customers with optimal financial solutions and delivery channels, guaranteeing buyers speedy registration, financing and insurance transactions. Steadily rising demand for DIB financing over the past few years has seen the bank consolidate its hold on the market. "By offering a cross section of customers of all nationalities and beliefs the best finance terms available, we are optimistic that we will continue to see growth in our market share," Abdulla said.
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About DIBEstablished on 1975, Dubai Islamic Bank is considered to be the first Islamic bank in the world that has implemented the principles of Islam in all its practices. It was founded with the active assistance of the UAE Government, the Central Bank and the people of the UAE. The economic and business philosophy of Islam encourages generation and sharing of profits. However, it forbids giving or taking of interest. Leveraging the strengths of Islamic business and economic concepts on one hand and state-of-the-art banking technology on the other, DIB creates partnerships with its customers to generate profits, which are then shared with them. DIB has created a vast array of Islamic banking and finance products to suit every conceivable need of its customer.
For further information, please contact:
Sahar Amri / Sameh Hamtini
ASDA'A Public Relations
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556
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